Reported 2 days ago
U.S. Treasury Secretary Scott Bessent's relentless focus on lowering 10-year bond yields is reshaping predictions on Wall Street. His targeted interventions and concrete actions have prompted analysts to revise their forecasts downward, adopting a new mantra of 'don't fight the Treasury.' While recent yield declines are attributed to broader market fears rather than solely Bessent’s plans, his strategies could lead to a more sustained reduction in yields if they're effective in curbing public debt and fostering economic growth.
Source: YAHOO